New York Fed President Dudley to Announce Early Retirement

WSJ/Michael S. Derby & Nick Timiraos/11-06-17

The president of the Federal Reserve Bank of New York is set to announce he will retire next year, about six months earlier than scheduled, adding to an unusual wave of turnover among the central bank’s top monetary and regulatory decision makers and ushering in new uncertainty about its policy course.

William Dudley’s announcement could come as soon as Monday, according to two people familiar with the matter. The search for his successor will start immediately with the aim of finding a successor in mid-2018.

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